Dublin Market Update August 2010 – Resilient

The Dublin real estate market showed some resiliency by bouncing back strongly in August after showing declining pending sales for the past three months. There were 44 pending sales at the end of August, compared to 28 in July, a 57% increase. August’s pending sales were the most Dublin has had since April’s 45, which was the highest level in over a year. Inventory, however, continued to rise, posting its fourth consecutive monthly increase. There were 86 single family homes for sale at the end of August, compared to 75 at the end of July, a 15% increase. That is the highest inventory level Dublin since early 2009. Inventory relative to pending sales fell in August to two months, compared to 2.7 months at the end of July. Demand in Dublin remains high and the real estate market is still strong despite the increases in inventory.

All Dublin Single Family Homes
Inventory Vs Pending Sales August 2010